Business loans are offered by lenders to commercial organisations rather than private individuals.  

Typically, a business can borrow (subject to availability) between £1000 and £3m; in most cases the interest is charged as a percentage and added to the loan balance. ​

Loans can be unsecured or secured against specific assets, but usually a personal director’s guarantee is required. 

Usually, business loans are paid back over a set timeframe, ranging from 1 month to 15 years, with regular equal repayments. ​

In most instances there will be a setup fee and in some cases, an early repayment fee will apply when entering into the agreement. ​

The loan can be used for a variety of reasons, such as funding working capital, asset purchases or funding a one-off project for your business. ​

The cost of the loan is linked to the following factors:

  • The creditworthiness of the business and its shareholders

  • The business’s ability to service the debt

  • The reason for the loan.

Find out more today

You can download our proposal from below which will provide us with sufficient information to take your proposal to the market, however this is not an application for finance and nor will finance be secured or agreed without direct contact with the lender. 

Additional information required

Loans up to £50,000

• 3 months of business bank statements
• Management accounts
• Most recent audited financial year end accounts
• 12 months VAT returns
• Loan application form

• Confirmation of any payment arrangements with HMRC

 

Loans in excess of £50,000

• 6 months of business bank statements
• Management accounts
• Most recent audited financial year end accounts
•12 months VAT returns
• Loan application form
• Confirmation of any payment arrangements with HMRC

Business Loans

Our Mission Statement

We provide the business community with the best possible finance solution to fit their needs. 

Subscribe to our Newsletter.
  • LinkedIn
  • Twitter

Tel: 01455 560040

©2020 by Ark Business Finance